Revenues (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

The following table discloses revenue by primary geographical market, customer type, and customer credit risk profile (in thousands). The table also includes a reconciliation of the disaggregated revenue to revenue by reportable segment (in thousands).


	Reportable Segments
	Three Months Ended March 31, 2025				Three Months Ended March 31, 2024
	Retail Electricity (c)		Retail Natural Gas		Total Reportable Segments		Retail Electricity (c)		Retail Natural Gas		Total Reportable Segments

Primary markets (a)
New England	$	21,272	$	5,195	$	26,467	$	27,339	$	4,625	$	31,964
Mid-Atlantic	38,860		20,224		59,084		30,699		15,255		45,954
Midwest	8,119		12,219		20,338		7,309		7,371		14,680
Southwest	12,469		26,145		38,614		11,982		9,808		21,790
	$	80,720	$	63,783	$	144,503	$	77,329	$	37,059	$	114,388

Customer type
Commercial	$	10,801	$	35,046	$	45,847	$	11,365	$	20,714	$	32,079
Residential	76,217		28,503		104,720		70,948		18,641		89,589
Unbilled revenue (b)	(6,298)		234		(6,064)		(4,984)		(2,296)		(7,280)
	$	80,720	$	63,783	$	144,503	$	77,329	$	37,059	$	114,388

Customer credit risk
POR	$	55,934	$	28,966	$	84,900	$	50,289	$	19,469	$	69,758
Non-POR	24,786		34,817		59,603		27,040		17,590		44,630
	$	80,720	$	63,783	$	144,503	$	77,329	$	37,059	$	114,388

Reportable Segments

(a) The primary markets include the following states:

•New England - Connecticut, Maine, Massachusetts and New Hampshire;

•Mid-Atlantic - Delaware, Maryland (including the District of Columbia), New Jersey, New York, Pennsylvania and Virginia;

•Midwest - Illinois, Indiana, Michigan and Ohio; and

•Southwest - Arizona, California, Colorado, Florida, Nevada and Texas.

(b) Unbilled revenue is recorded in total until it is actualized, at which time it is categorized between commercial and residential customers.

Reconciliation to Condensed Consolidated Financial Information

A reconciliation of the reportable segment operating revenues to consolidated revenues is as follows:


	Three Months Ended March 31,
	2025		2024
Total Reportable Segments Revenue	$	144,503	$	114,388
Net asset optimization expense	(2,249)		(1,597)
Other Revenue	3		1,265
Total Revenues	$	142,257	$	114,056

Schedule of Accounts Receivable, Allowance for Credit Loss

A rollforward of our allowance for credit losses for the three months ended March 31, 2025 are presented in the table below (in thousands):




Balance at December 31, 2024	$	(2,950)

Current period credit loss provision	(688)
Write-offs	866
Recovery of previous write-offs	(27)
Balance at March 31, 2025	$	(2,799)